America's student debt crisis 'is worse than we thought'

A new Brookings Institution report projects substantially worst student loan defaults than previous estimates.
The report predicts as much as 40% of students could be in default by 2030.
There are $1.4 trillion in US student loans outstanding, making it the second biggest source of household debt after housing.
The US financial crisis that resulted from a ruptured housing bubble is now ten years old, and investors fretting over a serially record-setting stock market are searching for pockets of risk in various corners of the financial system.
The first spot they tend to look is at student...Read more ...

America's student debt crisis 'is worse than we thought'

A new Brookings Institution report projects substantially worst student loan defaults than previous estimates.
The report predicts as much as 40% of students could be in default by 2030.
There are $1.4 trillion in US student loans outstanding, making it the second biggest source of household debt after housing.
The US financial crisis that resulted from a ruptured housing bubble is now ten years old, and investors fretting over a serially record-setting stock market are searching for pockets of risk in various corners of the financial system.
The first spot they tend to look is at student...Read more ...